Iran economy deteriorating amid sanctions, continuing blockade

Iran economy deteriorating amid sanctions, continuing blockade

Iran’s economy appears to be deteriorating sharply as the United States maintains its blockade of Iranian ports alongside a sweeping sanctions regime. The US Treasury has imposed a series of economic, trade, and military sanctions on Iran since the 1979 revolution, adding a further 1,000 individuals, vessels, and aircraft to its sanctions list since early 2025. As negotiations between Washington and Tehran stall and the closure of the Strait of …